Unit Financial Health Assessment Quiz For Franchisees Name(Required)Email(Required) Company(Required)Do you use your brand’s standard chart of accounts without any changes or additions to the accounts?(Required) Yes No Do you use the accounting software (like QBO) that your brand requires, and does it integrate with your POS/operational systems?(Required) Yes No Do you use the required accounting standard/method (e.g. accrual vs. cash) that your brand requires?(Required) Yes No Have you completed the trainings and used the resources your brand offers to learn more about accounting and financials?(Required) Yes No Do you receive financials from your bookkeeper on a consistent basis each month (and submit on time to your brand if required)?(Required) Yes No Do you meet with your brand’s business coach to review your financials and take actionable steps at least monthly?(Required) Yes No Do you compare your performance to system-wide benchmark reports (e.g. average COGS, labor cost)?(Required) Yes No Do you use your brand’s unit level economic KPIs to assess your unit(s)?(Required) Yes No Do you take the recommended actions your brand provides if one of the key KPIs is out of tolerance for your location(s)?(Required) Yes No Do you have a process for auditing or verifying the accuracy of your financials monthly after you receive them from your bookkeeper?(Required) Yes No Δ Connect with Top 2 Bottom Boost your feed with small business, bookkeeping, and payroll tips!
